RVBA-EQIXReal Estate & REITs

Equinix — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (2/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news

No ESG-relevant news ingested yet for this company. Run python -m pipeline.news_gdelt to backfill. Sourced from GDELT 2.0 (3-month trailing window).

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

sustainability report ↗

Energy (kWh)

Renewable energy

(1.9B)

Social

workforce female pct

28%

Governance

esg linked executive pay yn

0boolean

P&L highlights (USD)

Headcount (FTE)	13,853people
Revenue	6.8B
Cost of revenue	(3.3B)
Gross profit	3.5B
Operating expenses (S&M + G&A)	(2.9B)
Operating income	1.8B
Net income	1.4B

Balance sheet highlights (USD)

Property, plant & equipment	21.9B
Right-of-use (leased) assets	1.4B
Total assets	38.1B
Total debt	19.6B
Cash & equivalents	2.1B
Minority interest	25M

Market & shares

Market cap (FY-end)	75B
Shares outstanding	97.9M

Events 2025· 36

Dependent: Customer AI workload efficiency via interconnection

Equinix Distributed AI and Equinix Fabric Intelligence enable customers to optimize AI training and inference workloads through interconnected, metro-proximate infrastructure—reducing latency and energy use relative to long-haul data movement.

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Dependent: Green finance program funding low-carbon construction and decarbonization projects

In 2024 Equinix updated its Green Finance Framework to broaden focus to projects advancing decarbonization, resource efficiency and climate resilience with more rigorous qualification requirements. As of Dec 31, 2025, ~$9.5 billion green bonds issued with $7 billion in net proceeds allocated to eligible green projects (renewable energy procurement, low-carbon construction materials).

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No explicit durable removals program disclosed; focus on operational efficiency

The 10-K does not disclose a specific carbon removals strategy (e.g., DAC, BECCS, biochar). Equinix's decarbonization approach centers on operational PUE improvements (1.39 in 2024, 6% improvement vs 2023), renewable energy procurement, and energy efficiency rather than purchased removals. Net-zero by 2040 is targeted across the value chain via emissions reductions rather than offsets/removals.

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TIM NextGen DC Corporation acquisition (Philippines)

On June 2, 2025, Equinix completed acquisition of TIM NextGen DC Corporation, consisting of three data centers in the Philippines, for total purchase consideration of $183 million, marking entry into the Philippines market.

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Dependent: Customer Green Power Reports and Water Reports

Equinix provides customers with Green Power Reports (GPRs) detailing customer electricity consumption, renewable energy coverage and carbon footprint related to their Equinix deployments. In 2025, launched a self-service GPR download tool. Also introduced Customer Water Reports (CWRs) providing allocated water withdrawal and Water Usage Effectiveness (WUE) metrics for sites that use water for cooling.

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EcoVadis Gold Medal achieved (first time)

In 2025, Equinix achieved the EcoVadis Gold Medal for the first time. EcoVadis provides trusted, independent evaluations of company sustainability performance.

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Primary: Green building certifications across global portfolio

In 2025, 32.4 million gross sq ft (98.7% of global footprint) operates with green buildings and energy management certifications including ISO 50001, ISO 14001, LEED, BCA Green Mark, U.S. EPA Energy Star for Data Centers, NABERS and Green Globes. 100% of U.S. footprint certified; 24 LEED-certified U.S. data centers (48.2% of U.S. portfolio).

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Primary: Renewable electricity procurement

$2.3B Green Bond allocations supported generation of 1.9 million MWh of renewable energy across 151 projects in 31 countries, anchoring Equinix's renewable electricity sourcing strategy for its global IBX footprint.

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Build Bolder strategy: capacity to double by 2029

Build Bolder strategic move targets doubling data center capacity by 2029. Total developable capacity now ~3 GW following land deals across Amsterdam, Chicago, Johannesburg, London and Toronto; 58 major projects underway including 12 xScale projects.

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Green Bond allocations: $2.3B across 151 projects

As of June 30, 2025, Equinix has allocated $2.3 billion to 151 projects across 31 countries. Allocations supported 1.9 million MWh of renewable energy generation, expected annual energy savings of 197 GWh, and projected avoided emissions of ~441,000 MTCO2e/year.

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2024

Energy (kWh)

Total energy	8.9B
Renewable energy	(8.2B)
Non-renewable / hydrocarbon	638.5M
Renewable electricity %	96%

Governance

audit assurance climate levelⓘ

P&L highlights (USD)

Headcount (FTE)	13,606people
Revenue	6.5B
Cost of revenue	(3.3B)
Gross profit	3.2B
Operating expenses (S&M + G&A)	(3B)
Operating income	1.3B
Net income	815M

Balance sheet highlights (USD)

Property, plant & equipment	19.2B
Right-of-use (leased) assets	1.4B
Total assets	35.1B
Total debt	17.6B
Cash & equivalents	3.1B
Minority interest	25M

Market & shares

Market cap (FY-end)	90B
Shares outstanding	95.5M

Events 2024· 6

10% absolute Scope 1+2 reduction from 2019 baseline

As of 2024, Equinix achieved a 10% absolute reduction in operational GHG emissions (Scope 1 + Scope 2 market-based) from a 2019 baseline year, despite significant business growth.

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SBTi-validated 2040 net-zero long-term target

In 2024, Equinix's 2040 long-term science-based target was approved by the Science Based Targets initiative (SBTi). Goals include 100% clean and renewable energy coverage by 2030 and net-zero GHG across value chain by 2040.

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Climate data independently assured to ISO 14064-3:2019

Energy, renewable energy, and GHG emissions (Scope 1, 2 and 3) are independently assured to ISO 14064-3:2019 Standards for the quantification and reporting of GHG emissions. Calendar year 2025 data will be published in Q2 2026 sustainability report.

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Primary: Power Usage Effectiveness (PUE) and data center energy efficiency

Operational efficiency is measured through PUE, Equinix's primary performance indicator. In 2024, achieved annual average operational PUE of 1.39, a 6% improvement from 2023 despite an expanded portfolio. An Energy Efficiency Center of Excellence drives global improvements from lighting and airflow management to efficient cooling innovations.

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Updated Green Finance Framework in 2024 to broaden scope

In 2024, Equinix updated its Green Finance Framework to broaden its focus, incorporating projects that advance decarbonization, resource efficiency and climate resilience, while also tightening eligibility criteria with more rigorous qualification requirements.

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SBTi-approved 2040 net-zero long-term science-based target

In 2024, Equinix's 2040 long-term science-based target was approved by the Science Based Targets initiative (SBTi), covering net-zero GHG emissions across the value chain. The company was first in the industry to set approved near-term SBTs.

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2023

annual report ↗sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	29,000
Scope 2 (market-based)	234,100
Scope 3	1.2M
Gross carbon footprint	1.5M
Net carbon footprint	1.5M

Energy (kWh)

Electricity	8.2B
Total energy	8.3B
Renewable energy	(7.9B)
Non-renewable / hydrocarbon	452M
Renewable electricity %	96%

Nature

water consumption m3	3.6Mm3
water withdrawal m3	6Mm3

Social

h s total recordable injury rate	0per 200000 hours
h s lost time injury rate	0per 200000 hours
workforce board female pct	40%
workforce female pct	27%
h s fatalities	0count
community investment amount	1.9MUSD
employee turnover pct	10%
training hours per employee	40hours
workforce management female pct	32%

Governance

board independence pct	80%
board diversity pct	40%
esg linked executive pay yn	1yes/no
audit assurance climate levelⓘ	1level

P&L highlights (USD)

Headcount (FTE)	13,772people
Revenue	8.2B
Cost of revenue	(4.2B)
Gross profit	4B
Total operating expenses	(6.7B)

Events 2023· 24

Conducted first triennial supply chain human rights impact assessment

Conducted first triennial assessment to identify and understand inherent risks across supply chain.

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First year reporting Water Usage Effectiveness (WUE)

2023 was the first year reporting on WUE; annual average WUE of 1.07 across global portfolio, 1.63 for water-cooled sites.

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CDP Climate Change 'A' List rating

Achieved highest CDP climate change ranking score for the second consecutive year.

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Primary: Energy efficiency / PUE improvement

Invested $78M in energy efficiency in 2023, achieving 8.8% PUE improvement YoY to 1.42 annual average. Demand reduction from efficiency investments roughly 7,600 kW annually. Operational focus on improving cooling and power infrastructure efficiency at IBX/xScale sites.

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Dependent: Embodied carbon in construction & capital goods (Scope 3 cat 1 & 2)

Future First strategy explicitly calls out expanding attention to embodied carbon in the value chain with a focus on building construction and infrastructure materials. 25% of qualified Scope 3 emissions (categories 1 and 2 — purchased goods and capital goods) are covered by supplier-set science-based targets.

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Primary: Heat export to communities

4,000 MWh of recovered heat exported to communities in 2023, putting waste heat from data centers back to use in district heating networks.

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15 new PPAs signed in 2023 (21 PPAs to date)

Executed 21 Power Purchase Agreements (PPAs) to date across Australia, France, Iberia, the Nordics and the U.S.—including 15 PPAs signed in 2023 alone. Once operational, these projects are expected to generate more than 3,000,000 MWh of clean energy.

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Primary: Scope 1 refrigerant leakage reduction

Scope 1 emissions decreased from 40,300 mtCO2e in 2022 to 29,000 mtCO2e in 2023 (-28%), primarily driven by an overall reduction in refrigerant leakages due to focused efforts across operations, alongside management of on-site diesel for backup generation and natural gas heating.

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Dependent: Customer Scope 2 enablement via Green Power Reports

Equinix offers Green Power Reports (GPRs) to customers, enabling them to claim renewable energy coverage and quantify GHG emissions for their footprint in Equinix data centers. GPRs are based on GHG Protocol; deployments covered 100% with renewable energy result in a net-zero market-based CEF for electricity at those sites — directly decarbonising customer Scope 2 / Equinix downstream leased asset emissions.

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96% renewable energy coverage; >1 GW of PPAs toward 100% by 2030

Equinix maintained 96% renewable energy coverage globally in 2023 — the sixth consecutive year above 90%. Strategy is to scale renewable energy purchasing globally to reach 100% coverage by 2030 (RE100). Renewable portfolio mix in 2023: Energy Attribute Certificates (EACs) 46%, supplier green power 39%, PPAs 10%, grid renewable supported by EACs 1%. Executed 21 PPAs to date (15 signed in 2023) across Australia, France, Iberia, Nordics and US; 225 MW operational today and 838 MW to be developed 2024-2029, expected to generate >3,000,000 MWh of clean energy.

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2022

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	40,300
Scope 2 (market-based)	228,200
Scope 3	1.3M
Gross carbon footprint	1.6M
Net carbon footprint	1.6M

Energy (kWh)

Electricity	7.8B
Total energy	7.9B
Renewable energy	(7.4B)
Non-renewable / hydrocarbon	475M
Renewable electricity %	96%

Social

employee turnover pct	12%
training hours per employee	39hours
workforce board female pct	33%
h s total recordable injury rate	0per 200000 hours
workforce female pct	26%
h s fatalities	0count
workforce management female pct	31%
ethnicity minority pct	52%
community investment amount	2MUSD

Governance

esg linked executive pay yn	1yn
board independence pct	83%
audit assurance climate levelⓘ	1level
board diversity pct	27%

P&L highlights (USD)

Headcount (FTE)	12,331people
Revenue	7.3B
Cost of revenue	(3.8B)
Gross profit	3.5B
Total operating expenses	(6.1B)

Balance sheet highlights (USD)

Property, plant & equipment	16.6B
Right-of-use (leased) assets	1.4B
Total assets	30.3B
Total debt	15.2B
Cash & equivalents	1.9B
Minority interest	-134,000

Market & shares

Market cap (FY-end)

60B

Events 2022· 51

596 MW of PPAs under contract (225 MW operational, 370 MW in development)

As of end of 2022, Equinix had 595 MW of power purchase agreements: 225 MW operational and 370 MW in development. Additionally, 3 VPPAs in Europe (129 MW new wind capacity in Finland) were recently executed.

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96% renewable energy coverage — RE100, PPAs, EACs

Equinix achieved 96% global renewable energy coverage in 2022, its fifth consecutive year above 90%. The 2022 electricity mix was 43% EACs, 40% supplier green power, 12% PPAs, 1% grid renewable with EACs, and 4% brown power. Equinix holds 595 MW of PPAs under long-term contract (225 MW operational, 370 MW in development). The company is an RE100 member and targets 100% renewable energy coverage by 2030.

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MX1 cogeneration facility shutdown

Shutting down of on-site natural gas based cogeneration facility at MX1 was a primary driver for Scope 1 emissions decrease in 2022, alongside reductions in refrigerant leakages.

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Dependent: Embodied carbon in new construction

Equinix has completed 10 Whole Building Life Cycle Assessments (LCAs) as of end of 2022 to drive carbon-informed design and construction decisions. Future strategy expands attention to embodied carbon across building construction and infrastructure.

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Primary: Energy efficiency / PUE improvement

$45M invested in 2022 toward energy efficiency, yielding ~8,200 kW annual demand reduction. PUE improved from 1.54 (2019) to 1.46 (2022) — a 5.5% YoY improvement. Equinix is the first digital infrastructure firm to commit to widening operating temperature ranges (Thermal Efficiency Commitment) to further reduce power use.

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ESG-linked executive compensation introduced

Starting 2022, variable cash compensation plan for all VPs and above (including executives) modified to introduce a modifier to short-term incentives based on environmental and diversity objectives.

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CDP Climate Change A List

Equinix added to CDP Climate Change A List for the first time in 2022.

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13 new IBX + 3 xScale data centers, 3 new markets

In 2022, Equinix opened or acquired 13 new IBX data centers, opened three new xScale data centers via joint ventures, and entered three new markets — increasing facility count to 248.

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Equinix Foundation launched

In September 2022, Equinix launched The Equinix Foundation with $50M to advance digital inclusion.

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Thermal Efficiency Commitment announced

In December 2022, Equinix became the first digital infrastructure company to commit to optimizing overall power use by operating its data centers within wider temperature parameters, expected to improve PUE.

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see 41 more events →

2021

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	50,700
Scope 2 (market-based)	254,800
Scope 3	1.5M
Gross carbon footprint	1.8M
Net carbon footprint	1.8M

Energy (kWh)

Electricity	7.1B
Total energy	7.3B
Renewable energy	(6.8B)
Non-renewable / hydrocarbon	536M
Renewable electricity %	95%

Social

employee turnover pct	10%
h s total recordable injury rate	0per 200000 hours
workforce female pct	25%
h s fatalities	0count
workforce management female pct	31%
training hours per employee	22hours
community investment amount	2.1MUSD

Governance

board independence pct	78%
board diversity pct	22%
workforce board female pct	33%
audit assurance climate levelⓘ	1scale 0-2
esg linked executive pay yn	1boolean

P&L highlights (USD)

Headcount (FTE)	10,612people
Revenue	6.6B
Cost of revenue	(3.5B)
Gross profit	3.2B
Total operating expenses	(5.5B)

Balance sheet highlights (USD)

Property, plant & equipment	15.4B
Right-of-use (leased) assets	1.3B
Total assets	27.9B
Cash & equivalents	1.5B
Minority interest	-318,000

Events 2021· 35

Dependent: LEED-certified data center construction

10M ft² of total data center area certified through USGBC LEED rating system, addressing embodied carbon in new construction.

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Acquired GPX India operations; announced MainOne (Africa)

In September 2021, Equinix completed acquisition of India operations of GPX Global Systems. In December 2021, announced planned acquisition of MainOne in West Africa. GPX and MainOne are excluded from sustainability reporting boundary unless noted otherwise.

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95% renewable electricity coverage; targeting 100% globally

Equinix achieved 95% renewable energy coverage in FY21 (6,770 GWh out of 7,140 GWh electricity), the fourth consecutive year above 90%. 2021 electricity mix: RECs 45%, supplier green power 37%, VPPAs 13%, brown power 5%. Americas and EMEA reached 100% coverage; Asia-Pacific 76%. Member of RE100, Clean Energy Buyers Association (CEBA), and US EPA Green Power Partnership.

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Added 11 newly opened sites to reporting boundary

Changes in operational boundary include inclusion of 2021 completed sites (BX1, DC21, FR8, LD11x, MC1, ML5, PA9x, SG5, SP5x, SV11, TY12x).

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Primary: Green bonds funding renewable energy and efficient buildings

$4.9B in green bonds issued since 2020, with $2.9B allocated towards green buildings, renewable energy, and efficiency projects.

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MX1 cogeneration shutdown

Shutdown of on-site natural gas-based cogeneration facility at MX1 drove decrease in Scope 1 emissions, along with refrigerant leak reductions.

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Primary: On-site fossil fuel reduction (Scope 1)

Scope 1 emissions decreased to 50,700 mtCO2e in 2021 (from 55,100 in 2020) driven by shutdown of the on-site natural gas-based cogeneration facility at MX1 and focused efforts to reduce refrigerant leakages across operations.

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Primary: Clean hydrogen / fuel cell innovation

Equinix announced a Clean Hydrogen Partnership — a consortium of seven companies — to explore innovative integration of solid-oxide fuel cells, piloting new data center technologies to contribute toward a zero-carbon energy grid.

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Primary: Power Usage Effectiveness (PUE) improvement

Equinix invested $25M in energy efficiency in 2021, achieving an annual average PUE of 1.48 across the global portfolio — a 5.5% improvement from 2020 (1.51) and 1.54 in 2019. Demand reduction from efficiency investments since 2011 totals roughly 47,500 kW annually, including 15,500 kW from 2021 projects.

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GPX India acquisition

Completed acquisition of India operations of GPX Global Systems. GPX excluded from reporting boundary unless noted otherwise.

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2020

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	55,100
Scope 2 (market-based)	327,700
Scope 3	1.3M
Gross carbon footprint	1.7M
Net carbon footprint	1.7M

Energy (kWh)

Electricity	6.4B
Total energy	6.5B
Renewable energy	(5.8B)
Non-renewable / hydrocarbon	620M
Renewable electricity %	91%

Social

workforce female pct	24%
h s total recordable injury rate	0per 200000 hours
workforce board female pct	30%
training hours per employee	19hours
community investment amount	2.8MUSD
workforce management female pct	28%
h s fatalities	0count
employee turnover pct	7%

Governance

audit assurance climate levelⓘ	1level
board independence pct	80%

P&L highlights (USD)

Headcount (FTE)	9,455people
Revenue	6B
Cost of revenue	(3.1B)
Gross profit	2.9B
Total operating expenses	(4.9B)

Events 2020· 13

Issued $1.35B inaugural green bonds

Equinix issued $2.5B+ in bonds including $1.35B in green bonds to drive investments in six categories including green buildings, energy efficiency and water consumption.

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CDP A- rating and EPA Green Power Partner of the Year

Equinix recognized with CDP A- rating and EPA's 2020 Green Power Partner of the Year award.

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Primary: Green building certifications for new and existing data centers

17.7M square feet green certified, covering 69% of global data center footprint. Equinix completed three whole-building life cycle analyses of embodied carbon in core, shell and roof materials. Green bond proceeds dedicated to green buildings investments.

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Primary: Innovation at Customer Innovation Facility (CIF) Ashburn

Equinix demonstrates data center innovations and efficiency concepts at the Customer Innovation Facility (CIF) in Ashburn, VA, testing technologies to drive data center efficiency and reduce energy consumption.

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Acquired 13 Bell Canada data centers

Equinix acquired 13 IBX data centers from Bell Canada in 2020, plus Axtel Mexico sites (MX1, MX2, MO2) included in operational boundary. MX1 added natural-gas cogeneration facility driving Scope 1 increase.

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Pursuing Science-Based Targets

In 2020, Equinix committed to pursuing Science-based Targets as part of its bold sustainability agenda.

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Dependent: Customer Green Power Reports for tenant Scope 3 / downstream leased emissions

Equinix provides customers colocated in its data centers with custom Green Power Reports (GPRs) based on the GHG Protocol, enabling customers to claim renewable energy coverage and quantify GHG emissions in their own supply chains. All deployments covered 100% renewable result in net zero market-based CEF for electricity at those sites.

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Dependent: Supply chain ESG engagement via updated Business Partner Code

In 2020, Equinix updated its Business Partner Code of Conduct to formalize supplier ESG requirements. Embarked on digital transformation of supply chain management; future focus on managing value chain emissions and embodied carbon in supply chain (FERA, capital goods, purchased goods now in Scope 3 inventory).

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MX1 cogeneration facility added to Scope 1 boundary

MX1 (acquired Axtel site) added to operational boundary with onsite natural gas-based cogeneration, primary driver for Scope 1 increase from 40,700 to 55,100 mtCO2e in 2020.

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Primary: Power Usage Effectiveness (PUE) reduction via energy efficiency investments

Equinix invested $14M to launch global Energy Efficiency Center of Excellence, with $130M+ cumulative energy efficiency investment since 2011 delivering 32MW demand savings (32,000 kW annually, 8,000 kW from 2020 projects). PUE reduced from 1.61 in 2015 to 1.51 in 2020 (12-month rolling). Resulted in 2.6M mtCO2e cumulative avoided emissions, 642,000 mtCO2e in 2020 alone.

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see 3 more events →